Egypt concludes five-year OECD policy programme, launches five structural economic reports
Egypt has concluded the first phase of its five-year Country Programme with the Organisation for Economic Co-operation and Development (OECD), launching five major reports aimed at guiding structural economic and institutional reforms, Prime Minister Mostafa Madbouly announced. Speaking at a
Arady Misr commences AI-powered ‘Masri’ for Egypt’s land market analysis
Arady Misr for Planning and Project Management has announced the launch of “Masri”, an artificial intelligence agent designed to organize and analyze Egypt’s land market. According to the company, the system aims to move the market away from fragmented information
Livingyards unveils EGP 30bn portfolio, eyes revenues above EGP 50bn
Livingyards has announced that the total investment value of its project portfolio has exceeded EGP 30bn, with targeted revenues projected to surpass EGP 50bn in the coming years. As part of its growth strategy, the company appointed Abdullah Lotfy as
Egypt, Syria discuss boosting bilateral ties, reject Israeli violations
Egyptian Foreign Minister Badr Abdelatty and Syrian Foreign Minister Asaad Al-Shaibani discussed strengthening bilateral ties and coordinating on regional developments during talks in Cairo, with Egypt reaffirming support for Syria’s unity and rejecting Israeli violations of its sovereignty. In a
Egypt’s economic trajectory reassuring and balanced, finance minister says
Egypt’s economic trajectory is “reassuring” and maintains a strict balance between stimulating production and exports while ensuring fiscal discipline, Minister of Finance Ahmed Kouchouk said. Speaking at a new round of the Egyptian-European economic dialogue in Cairo, Kouchouk said the
Al-Sisi reaffirms Egypt’s support for African Development Bank
Egyptian President Abdel Fattah Al-Sisi reaffirmed Egypt’s full support for the African Development Bank Group (AfDB), stressing its crucial role in financing development and infrastructure projects across Africa amid growing economic and geopolitical challenges. In a statement, Egypt’s presidency said
Sovereign Fund of Egypt selects EFG Hermes to manage 20% Misr Life Insurance stake sale
The Sovereign Fund of Egypt has selected investment bank EFG Hermes to manage the offering of an approximate 20% stake in state-owned Misr Life Insurance on the Egyptian Exchange. The target date for executing the offering is before the end
Delta Capital, Emirates Global ink $500m partnership for mixed-use projects in Egypt
Delta Capital for Urban Development has signed a strategic partnership with Emirates Global Investment (EGRI), a subsidiary of NCE Group, to develop a portfolio of mixed-use projects in Egypt with total estimated investments of $500m. The agreement establishes a joint
Egypt repays $6.4bn in external debt service in Q1 2025/26: CBE
The Central Bank of Egypt (CBE) said the government repaid $6.442bn in external debt service, covering both interest and principal, during the first quarter (Q1) of the 2025/2026 fiscal year, compared with $7.952bn in the same period of 2024/2025. In
New Nile Delta gas discovery adds 50 mcf/d to Egypt output: Petroleum Ministry
Egypt’s Ministry of Petroleum and Mineral Resources has announced a new natural gas discovery in the Nile Delta, with an estimated production capacity of around 50 million cubic feet per day (mcf/d). The discovery follows the successful drilling of the